The Debt Ceiling and ObamaCare

The recently concluded debt ceiling debate was celebrated by the participants as a major breakthrough in putting the United States on the road toward solving the deficit and debt problems extant for as far as the eye can see.  The country was told that by their hard work the leaders of Congress had given birth to "saving" $2.1 to 2.4 Trillion over the next ten years.  Since this savings exists in the theoretical "Alice in Wonderland" world of federal budgeting, the reduction is far from what it seems. Among the items off the table was ObamaCare.  The Congressional Budget Office, which produced the projection that are the basis of the debt ceiling "savings," is still using in its calculations the same set of numbers they revealed in March of 2010 as the cost of ObamaCare.  However the facts have changed as each month passes and the truth emerges.  Nancy Pelosi will forever hold a place of ignominy in the annals of political quotations when she said in reference...(Read Full Post)

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